Dan Peate Avinew, a Westlake Village, Calif.-based insurtech company focused on autonomous and semi-autonomous auto insurance, raised $5M in seed funding. The round was led by Crosscut, with participation from American Family Ventures, Draper Frontier, and RPM Ventures. Led by Dan Peate, Founder and CEO, Jeremy Snyder, COO, Mike Cassanego, General Counsel and Co-founder, and… Continue reading Avinew Raises $5M in Seed Funding
Author: FINSMES Online News
Whitecap Venture Partners Holds First Close of Fourth Fund, at CDN$110M
Whitecap Venture Partners, a Toronto, Canada-based venture capital firm, secured commitments of CDN $110M in the first close of Whitecap IV, its new fund. LPs include returning investors Kensington Capital Partners and Bank of Montreal, as well as Inuvialuit Investment Corporation and other new institutional investors and high-net-worth family offices. The fund, which has a… Continue reading Whitecap Venture Partners Holds First Close of Fourth Fund, at CDN$110M
The Predictive Index Secures $50M from General Catalyst
The Predictive Index, a Boston, MA-based talent optimization company, raised $50m in growth-stage funding. General Catalyst made the investment. The comnpany intends to use the funds to accelerate growth, launch new talent optimization category, and build a global talent optimization network. Led by Mike Zani, CEO, The Predictive Index provides a talent optimization platform that… Continue reading The Predictive Index Secures $50M from General Catalyst
Wheels Raises $37M in Funding
Wheels, a Los Angeles, CA-based dockless electric mobility and transportation company, raised $37m in funding. Backers included Tenaya Capital, Bullpen Capital, Crosscut Capital, 3L Capital, Naval Ravikant, and a collection of strategic investors from the entertainment and sports communities. Co-founded by brothers Jonathan Viner and Joshua Viner, Wheels is a last-mile, shared electric mobility platform,… Continue reading Wheels Raises $37M in Funding
Urgent.ly Raises $21M in Series B Funding
Urgent.ly, a Vienna, VA- and San Diego, CA-based connected roadside assistance service supported by a technology platform, raised $21m in Series B funding. Backers included InMotion Ventures, Jaguar Land Rover’s venture capital fund, BMW i Ventures and Porsche Ventures. The company, which had already announced the raise of $10m in Series B in Oct. 2017,… Continue reading Urgent.ly Raises $21M in Series B Funding
Desktop Metal Closes $160M Series E Funding Round
Desktop Metal, a Burlington, MA-based metal 3D printing technology company, closed a $160m Series E funding round. The round was led by Koch Disruptive Technologies (KDT), with participation from GV (formerly Google Ventures), Panasonic, and Techtronic Industries, as well as previous venture capital investors Lux Capital, New Enterprise Associates (NEA) and Kleiner Perkins. The company,… Continue reading Desktop Metal Closes $160M Series E Funding Round
Tekion Receives Investment from Alliance Ventures
Tekion, a California-based company which brings connected digital experiences to automotive retail through Machine Learning and Artificial Intelligence capabilities, received an investment from Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi. The amount of the deal was not disclosed. Led by Founder and Chief Executive Officer, Tekion provides a cloud ML/AI, Big Data and… Continue reading Tekion Receives Investment from Alliance Ventures
Momentum Dynamics Receives Investment from Volvo Group Venture Capital
Momentum Dynamics, Inc., a Philadelphia, PA-based company developing high power wireless charging of electric vehicles, received an investment from Volvo Group Venture Capital AB, a subsidiary of the Volvo Group. The amount of the deal was not disclosed. Momentum Dynamics is developing and commercializing high power inductive charging for the automotive and transportation industries, especially… Continue reading Momentum Dynamics Receives Investment from Volvo Group Venture Capital
Houwzer Raises $4.5m in Additional Seed Funding
Houwzer, a Philadelphia, Pa.-based real estate tech company, raised $4.5m in an extension of its seed funding. Backers included:– Ben Franklin Capital Partners,– Admiral Capital Group, and– Ira Lubert, founder of private equity firm LLR Partners. The company will use the funds to continue to expand operations and its business reach. Led by Mike Maher,… Continue reading Houwzer Raises $4.5m in Additional Seed Funding
Emeritus Completes $40M Series C Funding
Emeritus, an edtech company that partners with U.S. and European universities to provide online courses to working professionals globally, completed a $40m Series C funding. The round was led by Sequoia India, with participation from existing investor Bertelsmann India Investments. The company intends to use the funds to create a more immersive and adaptive learning… Continue reading Emeritus Completes $40M Series C Funding